Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The American car manufacturer Tesla has announced 400 job cuts at its German site in Grünheide, Brandenburg.
The reason for the job cuts are sales difficulties. Tesla is particularly struggling with the often cheaper competition from China. This is why Tesla wants to cut 400 permanent jobs at the electric car factory in Grünheide (Oder-Spree). The announced cuts will reduce the number of employees from 12,500 to 11,800. In future, Tesla intends to use temporary workers in particular to compensate for fluctuations. According to Tesla, it wants to avoid redundancies and has therefore launched a volunteer programme for employees who want to leave the company.
The members of IG Metall in the newly elected Tesla works council demanded that the staff cuts be stopped. Although the trade unionists are the largest group in the employee representative body, they do not have a majority.
Eurofound (2024), Tesla Germany, Internal restructuring in Germany, factsheet number 201084, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201084.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
